IS the Iraq war worth the recession?

[MercedesD]

Seems like a number of people can't connect the dots as to why a prolonged unfunded war has put the country into recession.Let me start by saying there is only X amount of investment capital in the world. There is not an endless source of supply of money to borrow. With that in mind, remember that there is a limit as to the total amount of money that can be loan out globally.Here's a few facts. In the year 2000, 1 USD was worth 1.36 Euros. Today, 1 USD is worth .64 Euros.In year 2000, the national debt equaled 50% of the GDP. Today, it equals 70% of the GDP.Here's a simple analogy of how that effects the value of a buck.Suppose you have a million dollars in the bank and have zero debts. You are worth a million dollars.Now if you go and take on 0,000 in debt, your net worth is only 0,000.National debt effects the value of US currency in about the same way. The more debt you pile up on the US economy, which backs the value of the dollar, the less the currency is worth.Here's the chain of events that led to economic collapse:Federal deficit spending increased in 2002 and was strained further by the Iraq war. This increased federal debt started to devalue the dollar. The declining dollar started to put inflationary pressures on the economy. The Federal Reserve raised interest rates to stem the inflation, but deficit spending continued and the dollar kept losing value.The increased interest rates stalled the housing market. The stalled housing market led to mortgage defaults and foreclosures. The foreclosures led to huge losses in the banking system. This dried up capital investment across the board. Business had no source for cheap capital to operate. Lack of available capital for business to borrow led to slowed production. Slowed production led to recession.There isn't any private investment capital available to run the economy because the federal government has borrowed it all to cover its deficits. Private industry cannot compete with the federal government when it comes to borrowing money.btw. It's nice to see you back.

[Mendi8a]

Short answer: No.Longer answer:Senator John Warner (paraphrased): "General Petraus; has the war in Iraq made us (meannig you and me and your mom and dad) safer?"General Petraus: "I don't know."Bush is like a stupid squirrel, only not as smart, who won't let go of the nuts to get his hand out of a jar. We don't have money for health care, but we have billions to waste in Iraq? Saudia Arabia was home ot most of the 9/11 terrorists, but W. holds the king's hand and kisses him sweetly. How touching.

[Meow]

So, if Bush weren't president, then gas prices would be so low, the American dollar would be so strong, there wouldn't be a recession, milk prices would still be low, everyone would have a wonderful job, all nations of the world would love us, the terrorists would be sunbathing on our beaches and spending petrodollars, we all would be healthy with free health care for everyone, there would be no illegal immigrants because there wouldn't be any borders, the global warming wouldn't exist because the global thermostat would be set "just right," there wouldn't be any crime, everyone could marry whoever they wanted. No recession. No war. No crime. Wish I knew how so many came to know so much. Thanks for the insightful responses.

[Mendi8a]

Absolutely Not!